International

Citigroup subpoenaed regarding FIFA probe

2016-02-29 07:21
Argieffoto

New York - Citigroup says it has received a subpoena from federal prosecutors over its possible involvement in the FIFA bribery scandal, the first large US bank to receive such a notice from investigators.

Citigroup disclosed the subpoena in a regulatory filing late on Friday, saying it is cooperating with investigators in the matter.

When they announced charges against high-level executives of FIFA, world soccer's governing body, last year, federal prosecutors had said several banks, including HSBC and JPMorgan Chase, were used to transfer cash.

JPMorgan has not disclosed any investigation.

In the filing, Citi said investors requested information on "banking relationships and transactions at Citibank and its affiliates associated with certain individuals and entities identified as having had involvement with the alleged corrupt conduct."

A Citi spokesperson declined to comment beyond the filing.

Read more on:    fifa  |  soccer
NEXT ON SPORT24X

 

Read News24’s Comments Policy

Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

Live scoring

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 103rd Tour de France is all systems GO! Follow the pain, struggles and ultimate joy as the world's best riders put their talents to the test over 21 stages.

Latest blogs
Vote

Who was the best summer signing in the EPL?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.